Our pivot point stands at 1.1077.
Our preference: as long as 1.1077 is support look for 1.1144.
Alternative scenario: the downside breakout of 1.1077 would call for 1.1054 and 1.1040.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1095 and 1.1086).
Supports and resistances:
1.1171 **
1.1158 *
1.1144 **
1.1130
1.1103 last
1.1086
1.1077 **
1.1054 *
1.1040 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2024 at 18:30 UTC+1
Price reference: 1.1103 last known on 09-05-2024 at 18:30 UTC+1
Investment horizon: INTRADAY
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